Real Estate and the Asian Crisis

Article, Preprint English OPEN
Quigley, John M.;
  • Publisher: eScholarship, University of California
  • Subject: property markets | Social and Behavioral Sciences | speculative bubbles | Asian financial crisis, speculative bubbles, property markets, Social and Behavioral Sciences | Asian financial crisis

This paper suggests that activities in the real estate markets in Southeast and East Asian economies were an important contributing force to the financial crises of 1997 in the Asian economies. The analysis relies upon unpublished data reported contemporaneously by fina... View more
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